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KUALA LUMPUR: Last minute buying interest pushed the FBM KLCI sharply higher on Tuesday, after spending the day vacillating between gains and losses.
SINGAPORE: Crude oil prices reversed course after an early bounce on Tuesday, as concerns over coronavirus curbs combined with slowing factory activity in key markets weighed on sentiment.
KUALA LUMPUR: A prolonged impact from the Covid-19 pandemic has hit PT Bank Maybank Indonesia, Tbk’s net profit in its first half of the financial year ending Dec 31, 2021.
KUALA LUMPUR: PT Bank Maybank Indonesia Tbk recorded a pre-tax profit of Rp762 billion (RM223.47mil) for its first half financial year ended June 30, 2021, a decline of 28.5 per cent from Rp1.1 trillion in the same period last year.
KUALA LUMPUR: The negative trend that had appeared on the domestic market accelerated on the first trading day of August, sending the FBM KLCI further below the 1,500 psychological level.
Fund managers cautious on the Malaysian stock market
The Chinese authorities’ move to clamp down on several economic sectors stunned the global investing community, exacerbating an already weakened outlook in regional equities due to the resurgence of Covid-19 infections.
KUALA LUMPUR: Sustained selling pressure on the final trading day of July saw the key FBM KLCI falling below the psychological important level of 1,500 in late afternoon on Friday.